3 July 2007
The London Stock Exchange is delighted to welcome Mondi plc to the Main Market.
Mondi is an integrated paper and packaging group with its key operations and interests in Western Europe, Emerging Europe and South Africa. It is principally involved in the manufacture of packaging paper, converted packaging products and office paper. It also has paper merchant operations which focus on Austria and Emerging Europe and newsprint operations in South Africa, the UK and Russia.
Following its demerger from Anglo American plc, Mondi is now held by way of a dual listed company structure on the London Stock Exchange and Johannesburg Stock Exchange.
Mondi is integrated across the paper and packaging production process from the growing of wood for pulp production and the manufacture of pulp and paper to the conversion of packaging papers into corrugated and industrial bags. It also has a growing flexibles business focused on the production of release liner, extrusion coating and customer flexibles products.
David Hathorn, Chief Executive Officer of Mondi, said:
“We are delighted that the demerger of Mondi is now complete. We believe that being a separately listed Group will create new opportunities and give us added flexibility to take Mondi forward into the next phase of its development.”